OCC Clarifies Filing Decision Process

The OCC issued guidance on June 17, 2026 clarifying how it handles filing decisions under 12 CFR 5.13, under which it may approve, conditionally approve, deny, or return submissions deemed materially deficient. The agency stressed that filings must include all required biographical, financial, and corporate information in the initial submission, and said it will return a materially deficient filing before any meaningful processing. The OCC also plans to make all denial decisions public to inform industry stakeholders on how it applies its decision criteria.